PT Asahimas Flat Glass Tbk (ISX:AMFG) Cyclically Adjusted PB Ratio: 0.34 (As of Sep. 03, 2026) — 33% Below Median

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Director of Data and Quant Analytics at GuruFocus
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ISX:AMFG PT Asahimas Flat Glass Tbk ISX:AMFG
66 GF Score
Price Rp3,330.00
GF Value Rp4,115.47
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PT Asahimas Flat Glass Tbk Cyclically Adjusted PB Ratio?

PT Asahimas Flat Glass Tbk ISX:AMFG 66 Cyclically Adjusted PB Ratio is 0.34 as of Sep. 03, 2026, which is 33% below its 10-year median of 0.51. GuruFocus rates ISX:AMFG with a GF Score™ of 66/100 and a GF Value™ of Rp4,115.47 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 287 Building Materials companies, PT Asahimas Flat Glass Tbk ranks better than 83.28% on this metric.

As of today (2026-09-03), PT Asahimas Flat Glass Tbk's current share price is Rp3330.00. PT Asahimas Flat Glass Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp9,840.07. PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio for today is 0.34.

The historical rank and industry rank for PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:AMFG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.51   Max: 0.71
Current: 0.34

During the past years, PT Asahimas Flat Glass Tbk's highest Cyclically Adjusted PB Ratio was 0.71. The lowest was 0.30. And the median was 0.51.

ISX:AMFG's Cyclically Adjusted PB Ratio is ranked better than
83.28% of 287 companies
in the Building Materials industry
Industry Median: 0.99 vs ISX:AMFG: 0.34

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

PT Asahimas Flat Glass Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp11,022.240. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is Rp9,840.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Asahimas Flat Glass Tbk  (ISX:AMFG) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


PT Asahimas Flat Glass Tbk Cyclically Adjusted PB Ratio Related Terms


PT Asahimas Flat Glass Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Asahimas Flat Glass Tbk Cyclically Adjusted PB Ratio Chart

PT Asahimas Flat Glass Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.64 0.65 0.46 0.35

PT Asahimas Flat Glass Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.35 0.35 0.33 0.30

ISX:AMFG vs CRH, MLM, VMC: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Asahimas Flat Glass Tbk Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:AMFG
66GF Score
PT Asahimas Flat Glass Tbk ISX:AMFG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Asahimas Flat Glass Tbk Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3330.00/9840.07
=0.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Asahimas Flat Glass Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Asahimas Flat Glass Tbk's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=11022.24/137.6954*137.6954
=11,022.240

Current CPI (Jun. 2026) = 137.6954.

PT Asahimas Flat Glass Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 8,069.728 104.142 10,669.664
201612 8,293.235 105.222 10,852.687
201703 8,336.106 106.476 10,780.312
201706 8,143.399 107.722 10,409.329
201709 8,240.991 108.020 10,504.928
201712 8,177.136 109.017 10,328.252
201803 8,260.615 110.097 10,331.379
201806 8,101.007 111.085 10,041.629
201809 8,027.454 111.135 9,945.998
201812 8,287.249 112.430 10,149.578
201903 8,249.719 112.829 10,067.920
201906 8,117.445 114.730 9,742.290
201909 7,962.062 114.905 9,541.300
201912 7,856.984 115.486 9,367.988
202003 6,516.968 116.252 7,719.043
202006 7,029.228 116.630 8,298.843
202009 6,415.915 116.397 7,589.929
202012 6,750.776 117.318 7,923.337
202103 6,751.514 117.840 7,889.121
202106 6,959.380 118.184 8,108.335
202109 7,351.002 118.262 8,558.977
202112 7,588.408 119.516 8,742.662
202203 8,107.691 120.948 9,230.330
202206 8,454.606 123.322 9,439.975
202209 8,887.184 125.298 9,766.480
202212 8,571.825 126.098 9,360.209
202303 9,056.885 126.953 9,823.291
202306 9,092.553 127.663 9,807.099
202309 9,523.546 128.151 10,232.806
202312 9,771.283 129.395 10,398.113
202403 9,870.627 130.607 10,406.333
202406 9,954.023 130.792 10,479.443
202409 10,213.191 130.361 10,787.816
202412 10,353.652 131.432 10,847.097
202503 10,472.954 131.948 10,929.103
202506 10,480.781 133.241 10,831.198
202509 10,522.293 133.819 10,827.097
202512 10,785.673 135.271 10,978.972
202603 10,780.465 136.539 10,871.793
202606 11,022.240 137.695 11,022.240

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.34 mean?
PT Asahimas Flat Glass Tbk (ISX:AMFG) has a Cyclically Adjusted PB Ratio of 0.34 as of Sep. 03, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Asahimas Flat Glass Tbk and its competitors. This is 33% below median its historical median of 0.51. Over the past decade, PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio has ranged from 0.30 to 0.71. According to the industry distribution chart, PT Asahimas Flat Glass Tbk ranks #48 out of 287 companies in the Building Materials industry, placing it in the top 16.7%.
Is PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio too high?
PT Asahimas Flat Glass Tbk's current Cyclically Adjusted PB Ratio of 0.34 is 33% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.71. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.99. PT Asahimas Flat Glass Tbk's value of 0.34 is 65.7% below this industry median. Based on the distribution chart, PT Asahimas Flat Glass Tbk ranks #48 out of 287 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, PT Asahimas Flat Glass Tbk has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Asahimas Flat Glass Tbk's Cyclically Adjusted PB Ratio compare to CRH and MLM?
According to the Building Materials industry distribution chart, PT Asahimas Flat Glass Tbk ranks #48 out of 287 companies for Cyclically Adjusted PB Ratio. This places PT Asahimas Flat Glass Tbk in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.99. PT Asahimas Flat Glass Tbk's value of 0.34 is 65.7% below this benchmark. Historically, PT Asahimas Flat Glass Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 0.71 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.99, PT Asahimas Flat Glass Tbk has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 0.99, based on 287 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Asahimas Flat Glass Tbk's current Cyclically Adjusted PB Ratio of 0.34 is 65.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Asahimas Flat Glass Tbk and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Asahimas Flat Glass Tbk's current Cyclically Adjusted PB Ratio is 0.34, which is 33% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Asahimas Flat Glass Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Asahimas Flat Glass Tbk (ISX:AMFG) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp4,115.47, compared to a current price of Rp3,330.00 — trading 19.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.34, which is 33% below median its 10-year median of 0.51 and 65.7% below the Building Materials industry median of 0.99. PT Asahimas Flat Glass Tbk's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For PT Asahimas Flat Glass Tbk (ISX:AMFG), the current Cyclically Adjusted PB Ratio is 0.34 as of Sep. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Asahimas Flat Glass Tbk (ISX:AMFG) Overvalued in 2026?

Based on GuruFocus' analysis, PT Asahimas Flat Glass Tbk stock appears to be undervalued. The current stock price of Rp3,330.00 is trading 19.1% below its estimated GF Value™ of Rp4,115.47. GuruFocus considers PT Asahimas Flat Glass Tbk to be Modestly Undervalued.

Key valuation signals for ISX:AMFG:

  • Cyclically Adjusted PB Ratio: 0.34 (33% below median its 10-year median of 0.51)
  • GF Value™: Rp4,115.47 vs. price of Rp3,330.00 (19.1% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 65.7% below the Building Materials median (#48 of 287)

No single metric tells the full story. See the ISX:AMFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Asahimas Flat Glass Tbk Business Description

Address Jalan Ancol IX No. 5, Ancol Barat, North Jakarta, IDN, 14430
PT Asahimas Flat Glass Tbk is a glass manufacturing company. The company is also engaged in import export and glass quality testing laboratory services. The company operates in two segments namely flat glass and automotive glass. Its portfolio of the company consists of various glasses such as tinted glass, figured glass, reflective glass, mirror glass, tempered glass, and laminated glass. Its business activity of the organization functions in the geographical areas of Indonesia which include Jakarta, Cikampek, and Sidoarjo. It generates revenue through the sale of glass products.
66GF Score

Get the complete analysis for ISX:AMFG

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp3,330.00
Price
Rp4,115.47
GF Value